Leather Goods Market by Product Type (Footwear, Luggage, Wallets & Purses, Apparel and Others), by Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Online Stores, and Others) and by Geography - Global Trends and Forecast to 2025

Leather Goods – Insights

The products made from animal hide by means of tanning, a process that stabilizes proteins, are referred as leather goods. The process of tanning animal hide makes it suitable for various applications such as wallets, clothing, footwear, and others. The inherent qualities of leather such as dustproof, fireproof, crack proof, and durability is expected to increase growth of leather goods market. Furthermore, increasing demand for trendy hand bags, premium wallets, and other leather products is propelling growth of leather goods market. However, low availability of raw material, availability of synthetic alternatives such as plastic leather, and availability of leather goods at low cost are some of the factors restraining growth of leather goods market.

On the basis of product type, leather goods are segment in to footwear, accessories, luggage, and others. Footwear segment is expected to account for the highest revenue share in market over the forecast period, owing to increasing consumer preference for high comfort and quality products. According to India Brand Equity Foundation (IBEF), the per capita footwear consumption is expected to increase up to four pairs by 2020 whereas domestic footwear consumption is expected to reach five billion pairs. Luggage segment is expected to witness significant growth in global leather goods market over the forecast period, owing to increasing retail sales. According to the Travel Goods Association, retail sales of luggage in 2015 was 59.74 million units, which increased to 76.023 million units in 2016 in the U.S.

Asia Pacific region held dominant position in global leather goods market and was valued at US$ 70.82 Billion in 2016. Increasing demand for leather goods by the fashion industry especially footwear is driving growth of the market. Furthermore, growth of the leather industry in the region is further fuelling the demand for leather products in the region. According to India Brand Equity Foundation (IBEF), India ranks second in terms of leather goods and footwear production in 2017 and accounted for 12.93% of leather production of hides or skins worldwide.

Europe region is projected to witness significant growth in leather goods market in terms of revenue over the forecast period. The tanneries in Europe is highly competitive sector in the global leather market and the tanning industry in Europe is one of the largest supplier of the leather in 2015, according to European Union.  Also, Europe accounted for one third of the world’s leather goods market, as it is one of the largest traded region in world, Italy accounted for 18% of global leather exports in 2016, according to CBI Ministry of Foreign Affairs. Furthermore, fashion industry is one of the most creative and vibrant sector in Europe. Various players in leather goods market increased their sales revenue in fashion and leather goods industry, driving the market growth. For example, LVMH, one of the key player based in Paris, engaged in fashion and leather goods business group witness sales of US$ 15.93 bn in 2016 and increased up to US$ 19.291 bn in 2017.

However, shortage of leather goods worldwide is resulting in increasing its cost. As a result, European buyers are looking for low cost supplier and manufacturing leather made of exotic animals such as pythons and alligators. For instance, the fashion industry in Europe accounted for 96% of the python skin market, Italy, Spain and France being the major importers in 2016, as stated in Humane Society International.

The leather goods market was valued at US$ 220.71 billion in 2016 and is expected to expand at a CAGR of 5.02%, in terms of revenue, over the forecast period (2017 – 2025).

Global Leather Goods Market Share, by Region, 2016

Leather Goods Market

SOURCE: COHERENT MARKET INSIGHTS (2018)

North America accounted for largest market share of 23.24% in the global leather goods market in 2016. This is attributed to the availability of raw skin and hides from the slaughterhouses and the discovery of chrome tanning process. According to U.S. Hide, Skin and Leather Association, hides and skins companies in U.S. regularly import nearly 90% of total production of these products, which in turn is boosting growth of leather and leather goods industry.

Several manufacturers are adopting various organic strategies such as technological innovations and new product launch to maintain their market position. For instance, in July 2017, Rugged Material, launched The Ultimate Leather EDC Belt, designed with a hidden pocket and with high durability.

Major Players in Global Leather Goods Market:

Some of the key players operating in the global leather goods market include LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Tata International Ltd, Chanel International B.V., Prada S.p.A, Ralph Lauren Corporation, and others.

Leather is made from hides and skin of the animals such as cattle, sheep, dogs, pigs, and others by the process of tanning or by impregnation preserving the natural structure of the hide. Increasing supply of the raw material depends on the increasing demand for meat, is driving growth of leather goods market. According to United States, Food and Agriculture Organization, the meat consumption in 2015 was 41.3 kg per capita in world, which is expected to increase up to 45.3 kg per capita by 2030. Furthermore, the leather is one of the most traded commodities in the world and plays an important role in the growing economy of the world. According to Council for Leather Exports (CLE), U.S. holds first position in import of leather products and accounted for 14.25% in 2016, which increases up to 15.36% in 2017. 

Market Dynamics 

Asia Pacific is projected to hold the dominant position in global leather goods market, followed by North America and Europe over the forecast period. There are various institutional support offered to the leather industry, which is expected to fuel the growth of leather goods market. For instance, Leather Industry Association of Botswana, represents hide and skin and manufacturers of leather products collaborated with the government in order to review legislation, policy strategies and guidelines to improve the quality, and leather products manufacturing plants.

However, as the production of leather involves killing of animals such as cattle and calves, the petitions are being filed by various organizations such as People for the Ethical Treatment of Animals (PETA) to ban leather products, which is expected to have negative impact on the growth of market. Moreover, introduction of cheaper raw materials as compared to leather is also hindering the market growth. 

Key features of the study:

  • This report provides in-depth analysis of leather goods and provides market size (US$ Billion & Billion Units) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the global leather goods market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
  • Key companies covered as a part of this study include LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Will Leather Goods, Tata International Ltd, Chanel International B.V., Prada S.p.A, and Ralph Lauren Corporation
  • Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics.
  • The global leather goods market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the leather goods market. 

Detailed Segmentation:

  • Global Leather goods Market, By Product Type:
    • Footwear
    • Luggage
    • Wallets & Purses
    • Apparel
    • Others
  • Global Leather goods Market, By Distribution Channel:
    • Hypermarkets
    • Supermarkets
    • Convenience Stores
    • Online Stores
    • Others
  • Global Leather goods Market, By Geography:
    • North America
      • U.S.
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Canada
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Germany
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Italy
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • France
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Russia
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Rest of Europe
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • India
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Japan
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • ASEAN
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Australia
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • South Korea
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Mexico
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Rest of Latin America
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Israel
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Rest of Middle East
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
    • Africa
      • Northern Africa
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • Central Africa
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
      • South Africa
        • By Product Type:
          • Footwear
          • Luggage
          • Wallets & Purses
          • Apparel
          • Others
        • By Distribution Channel:
          • Hypermarkets
          • Supermarkets
          • Convenience Stores
          • Online Stores
          • Others
  • Company Profiles
    • LVMH Moët Hennessy Louis Vuitton SE *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Kering S.A.  
    • Adidas AG
    • Hermès International S.A  
    • Dolce & Gabbana Luxembourg S.à.r.l.  
    • Overseas Leather Goods Company Pvt Ltd  
    • Will Leather Goods
    • Chanel International B.V.  
    • Prada S.p.A
    • Ralph Lauren Corporation

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Leather Goods Market, By Product Type, 2017 – 2025, (US$ Billion)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 - 2025
      • Segment Trends
    • Footwear
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Luggage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Wallets & Purses
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Apparel
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
  5. Global Leather Goods Market, By Distribution Channel, 2017 – 2025, (US$ Billion)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 - 2025
      • Segment Trends
    • Hypermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Supermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Convenience Stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Online Stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
  6. Global Leather Goods Market, By Regions, 2017 – 2025, (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017 - 2025
    • North America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
    • Latin America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
    • Middle East
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
    • Africa
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Billion)
          • Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Billion)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • LVMH Moët Hennessy Louis Vuitton SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kering S.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Adidas AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Hermès International S.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dolce & Gabbana Luxembourg S.à.r.l.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Overseas Leather Goods Company Pvt Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Will Leather Goods
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Prada S.p.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ralph Lauren Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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